Duke Energy Florida 8-K Other Events

Exhibit No. 12

FLORIDA POWER CORPORATION
d/b/a PROGRESS ENERGY FLORIDA, INC.
Computation of Ratio of Earnings to Fixed Charges and
Ratio of Earnings to Fixed Charges and Preferred Dividends Combined
For the Twelve Months Ended June 30

(dollars in millions)	2007		2006
Earnings, as defined:
Net income	$	318	$	361
Fixed charges, as below		160		150
Income taxes		169		184
Total earnings, as defined	$	647	$	695
Fixed Charges, as defined:
Interest on long-term debt	$	145	$	134
Other interest		11		12
Imputed interest factor in rentals — charged principally to operating expenses		4		4
Total fixed charges, as defined		160		150
Preferred dividends, as defined		2		2
Total fixed charges and preferred dividends combined	$	162	$	152
Ratio of Earnings to Fixed Charges		4.04		4.64
Ratio of Earnings to Fixed Charges and Preferred Dividends Combined		3.99		4.57